My aunt passed away six months ago and as sole heir and executor I was left the property in Quorn. The house had a relatively small loan left on it of around £8000. I want to have the title changed into my name whilst I re-mortgage to , pay off the mortgage. Is this possible?
If you plan to refinance then will require that you use a conveyancer on the conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the mortgage is registered as a charge at the Land Registry.
What will a local search inform me concerning the property my wife and I buying in Quorn?
Quorn conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search organisations such as Searches UK The local search plays a central role in many a Quorn conveyancing purchase; as long as you don’t want any unpleasant surprises after you move into your new home. The search will reveal data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject areas.
Are there restrictive covenants that are commonly picked up during conveyancing in Quorn?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Quorn. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
The estate agent has sent us the confirmation of our purchase of a new build flat in Quorn. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Quorn
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There must be mutual enforceability of lessee’s covenants.
Please supply a car parking plan.
Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
Forfeiture - bankruptcy or liquidation must not apply under this provision.
I opted to have a survey done on a property in Quorn before appointing conveyancers. I have been informed that there is a flying freehold aspect to the property. The surveyor advised that some lenders may refuse to give a mortgage on this type of house.
It varies from the lender to lender. Santander has different requirements from Birmingham Midshires. If you e-mail us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Quorn. Conveyancing may be slightly more expensive based on your lender's requirements.